Building on a strong year driven by
Fidelity-All-in-One and Active ETFs,
Fidelity ETF business kicks off
2025 with a more competitive
digital asset offering
TORONTO,
Jan. 13,
2025 /CNW/ - Fidelity Investments Canada ULC
(Fidelity) today announced a reduction in the management fee of
Fidelity Advantage Bitcoin ETF® (FBTC-T)
from 0.39% to 0.32%, effective January 13, 2025,
which will result in a lower management expense ratio going
forward. This reduction will also be passed along to Fidelity
Advantage Bitcoin ETF Fund®, which invests
directly in the ETF.
Fidelity's Director of ETFs, Andrei
Bruno, will be on Fidelity Canada's Reddit to answer questions about this
fee reduction, considerations when investing in digital asset
strategies and Fidelity's ETF product offerings.
Since launching its ETF business in September 2018, Fidelity ETF assets under
management have grown to $11.7 billion. This includes
$4.6 billion in
Fidelity All-in-One ETFs and $ 3.2
billion in Fidelity's active ETF line-up (as at January 7, 2025).
With a mission to help build better financial futures for
investors, Fidelity has expanded its ETF offerings to 48
investment strategies across asset classes, providing
investors choice and access to a wide range of investment
strategies supported by the global strength and scale of the
broader Fidelity Investments organizations.
From Fidelity's All-in-One ETFs to Factor ETFs, and Active ETFs
to Digital Asset ETFs, Fidelity's ETF line up is actively evolving
and under regular review to help meet investor and marketplace
demands.
Fidelity Advantage Bitcoin
ETF® and other digital asset strategies are
custodied by Fidelity Clearing Canada ULC's institutional grade
clearing and custody platform. Leveraging Fidelity Investments'
early exploration and global expertise and leadership in the
blockchain and digital assets space, this platform includes vaulted
cold storage, physical, cyber and operational controls, and
multi-level innovative safeguards.
How does it work and why Fidelity
Advantage Bitcoin ETF® and
Fidelity Advantage Bitcoin ETF
Fund®?
There are several reasons why investors may wish to invest in
these funds instead of purchasing and
storing cryptocurrencies directly.
- How it works - The investment objective of Fidelity
Advantage Bitcoin ETF® is to invest in
bitcoin. Fidelity Advantage Bitcoin ETF
Fund® invests in the ETF. When an investor purchases the
ETF, they will own units of the ETF, which in turn owns physical
bitcoin. The price of units will go up and down
directly in relation to the price of bitcoin.
- Fidelity security features - Fidelity Advantage
Bitcoin ETF® custodies bitcoin
through Fidelity Clearing Canada. The physical bitcoin
that the ETF owns is stored using an institutional-grade custodial
model, offering the ETF access to the trading and custody of
digital assets in a safe and secure way.
- Tax efficiency and liquidity - Like all Fidelity
ETFs and corresponding mutual fund versions, the
bitcoin funds are eligible for tax-advantaged
registered accounts. Similar to purchasing a stock on the exchange,
investors can invest in Fidelity Advantage Bitcoin
ETF® the same way they invest in other ETFs, by
purchasing ETF units on the TSX.
For more information, please visit www.fidelity.ca
About Fidelity Investments Canada ULC
At Fidelity Investments Canada, our mission is to build a better
future for our clients. Our diversified business serves financial
advisors, wealth management firms, employers, institutions and
individuals. As the marketplace evolves, we are constantly
innovating and offering our clients choice of investment and wealth
management products, services and technological solutions all
backed by the global strength and scale of Fidelity. With assets
under management of $281 billion (as
at January 7, 2025), Fidelity Investments Canada
is privately held and committed to helping our diverse clients meet
their goals over the long term. Fidelity funds are available
through financial advisors and online trading platforms.
About Fidelity Clearing Canada ULC
Fidelity Clearing Canada ULC, a provider of custody and clearing
services, provides robust, flexible, and scalable solutions to
registered broker/dealers, portfolio managers and investment
advisors. Clients rely on Fidelity Clearing Canada for expertise in
wealth management, technology, trading, and business transition,
which gives them the freedom to focus on what they do
best – helping end investors achieve their
financial goals. Fidelity Clearing Canada is Canada's first Canadian Investment
Organization of Canada
(previously IIROC) entity to offer a secure digital asset
trading and custody solution for institutional investors including
investment funds.
Commissions, trailing commissions, management fees, brokerage
fees and expenses may be associated with investments in mutual
funds and ETFs. Please read the mutual fund's or ETF's prospectus,
which contains detailed investment information, before investing.
Mutual funds and ETFs are not guaranteed. Their values change
frequently, and investors may experience a gain or a loss. Past
performance may not be repeated.
Bitcoin has historically demonstrated high
volatility. Particular investment strategies should be evaluated
based on an investor's tolerance for risk. An investment in
these funds is considered high risk.
Find us on social media @FidelityCanada
www.fidelity.ca
Listen to FidelityConnects on Apple or Spotify
SOURCE Fidelity Investments Canada ULC
